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7 Sep 2018
Amount produced in 160 hours: Table 3-3 Labour Hours needed to make one unit of: Quilts Dresses Quilts 40 80 Helen Carolyn Dresses 10 16 16 10 10. Refer to Table 3-3. What is the opportunity cost of 1 quilt for Helen? a. 2 dresses. b. 3 dresses c. 4 dresses d. 5 dresses.
Amount produced in 160 hours: Table 3-3 Labour Hours needed to make one unit of: Quilts Dresses Quilts 40 80 Helen Carolyn Dresses 10 16 16 10 10. Refer to Table 3-3. What is the opportunity cost of 1 quilt for Helen? a. 2 dresses. b. 3 dresses c. 4 dresses d. 5 dresses.
Jean KeelingLv2
8 Sep 2018
Related textbook solutions
Related questions
Refer to Table 1. The opportunity cost of 1 basket for Patrick is:
|
a. |
1/3 ceramic pot. |
|
b. |
1 ceramic pot. |
|
c. |
3 ceramic pots. |
|
d. |
4 ceramic pots. |
Ā
|
Table 1 |
Labor hours needed to make one unit of: |
Ā Amount Produced in 24 Hours: |
||
|
Ā |
Woven Baskets |
Ceramic Pots |
Woven Baskets |
Ceramic Pots |
|
Patrick |
6 |
2 |
4 |
12 |
|
Donna |
3 |
4 |
8 |
6 |
Ā
Please include a brief explanation of why the answer is correct too. (I am using Principles of Microeconomics by N. Gregory Mankiw 6h Edition, a page number would be great!)
